TRX Price Prediction Q1 2025 According to Crypto Academy

Bittime  In a recent analysis of Tron (TRX), Kalimasada and Timothy discuss price movements and potential recovery that may occur in the first quarter of 2025. Currently, TRX is experiencing significant fluctuations, and there are several factors that investors need to pay attention to.

TRX Price Movement: Has Dropped 50%

TRX has recently shown signs of a fairly sharp decline. After reaching a price of $0.44, TRX experienced a decline caused by a massive sell-off by Justin Sun, resulting in losses of up to 50%. The decline is creating concern among investors, but there is hope for a recovery.

Read too 1 TRX to IDR Converter 

Source: YT Crypto Academy

Currently, TRX is in the bullish order block area on the daily chart. This is an important level that is often a turning point for the price. After a significant decline, there will usually be a retracement phase, and currently TRX is in an area known as the Golden Pocket, which is a Fibonacci retracement level often used by traders to determine ideal entry points.

Read too How to Buy Tron (TRX)

Potential Bounce and Support Level at $0.22

While there is hope for a recovery, it is important to remember that the cryptocurrency market is highly volatile. If TRX manages to break the order block level around $0.20, this could be a positive signal for a potential further bounce. However, if the price is unable to sustain this level, it is possible to see further declines.

Source: YT Crypto Academy

As investors, we must realize that all market participants, including exchange owners and project developers, have a financial interest. Therefore, the market situation does not always run smoothly. Even though the market currently looks red, this could be a valuable lesson and also an opportunity to take a better position.

Read too 7 Best TRON (TRX) Wallets for Storing TRX

Conclusion

Overall, the TRX price prediction for the first quarter of 2025 shows the potential for recovery, especially if the price can stay at the mentioned support levels. Although there are risks involved, technical analysis shows that there are opportunities for a rebound that investors can take advantage of. It's best to remain alert and carry out in-depth analysis before making an investment decision.

FAQ

1. What caused the recent TRX price drop?

Answer: The TRX price drop was caused by a massive sell-off by Justin Sun, which resulted in the TRX price dropping by 50% after reaching $0.44.

2. What is a bullish order block and why is it important for TRX?

Answer: Bullish order block is an area on the price chart where there is a potential reversal in price direction. This is important for TRX because currently the price is in this area, which could be a turning point for recovery.

3. What level does TRX need to hold to show recovery potential?

Answer: TRX needs to hold around $0.20 to show potential recovery. If it succeeds in breaking this level, there is a possibility for a further bounce.

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Reference

Youtube Akademi Crypto, Margin Call Live Stream, Accessed January 14, 2025

Author: IN